Productivity in the United States Doubled Between 1945 and 1990

question 1

Multiple Choice

Productivity in the United States doubled between 1945 and 1990. However, the work week didn't get shorter because

• A) income taxes were raised.
• B) the standard of living increased.
• C) corporate downsizing reduced the number of people in the workforce.
• D) the pay of CEOs skyrocketed.
• E) taxes doubled between 1945 and 1990.

---

Definitions:

Quick Assets

Quick assets are assets that can rapidly be converted into cash, excluding inventory and pre-paid expenses, often used in calculating liquidity measures.

Current Liabilities

Financial obligations that a company is required to pay within one year or within its current operating cycle.

Percent Change

A mathematical calculation that shows how much something has increased or decreased in value or quantity over time, expressed as a percentage.

Base Year

A reference year used for comparative financial analysis, serving as a benchmark for evaluating changes over time.